B10: Addressing Modern-Day Redlining in Home Mortgage Lending
October 29, 20184:00 pm - 5:15 pm
Michael Froehlich, Soneyet Muhammad
The Center for Investigative Reporting analyzed over 31 million mortgage records and found that 60 years after the Fair Housing Act, modern day redlining stubbornly persists. This workshop will review what we know about why African American and Latinx applicants are denied mortgages at significantly higher rates than white applicants, and examine several tools to address this discrepancy, including the federal Community Reinvestment Act, enforcement of existing anti-discrimination laws for individual borrowers, and how borrowers can be better educated and empowered about their rights.
Moderator & Speaker: Michael Froehlich, Managing Attorney, Homeownership & Consumer Rights Unit, Community Legal Services, Inc.
Speaker: Soneyet Muhammad, Director of Community Engagement, Clarifi